Technical Analysis for SALM - Salem Communications Corporation

SALM closed unchanged on Wednesday, March 20, 2019, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Profile

Salem Communications Corporation operates as a multi-media company. The company operates through Radio Broadcast, Internet, and Publishing segments. It owns and operates radio stations in metropolitan markets; and radio networks, which produce and distribute programming, such as talk, news, and music segments to radio stations in the United States, as well as sell commercial airtime to national advertisers on its radio stations and networks, and on independent radio station affiliates. The company also owns and operates Internet portals, including OnePlace.com, Christianity.com, Crosswalk.com, BibleStudyTools.com, GodTube.com, Townhall.com, HotAir.com, WorshipHouse Media.com, SermonSpice.com, GodVine.com, and Jesus.org that provide Christian and conservative themed content, audio and video streaming, and other resources on the Web; and radio station Websites, as well as Salem Consumer Products, a Website that offers books, DVDs, and editorial content. In addition, the company produces and distributes Christian and conservative opinion print magazines consisting of Homecoming The Magazine, YouthWorker Journal, Singing News, FaithTalk Magazine, Preaching Magazine, and Townhall Magazine, as well as Xulon Press, a print-on-demand self-publishing service for Christian authors. It primarily serves not-for-profit charitable organizations and commercial advertisers. Salem Communications Corporation was founded in 1986 and is headquartered in Camarillo, California.
Mass MediaMedia In The United StatesMulti MediaRadio NetworkThe Heritage Foundation

Is SALM a Buy, Sell or Hold?

Indicator

Bull Case

Neutral / Hold

Bear Case

50
DMA

200
DMA

ADX Trend

Oversold / Overbought

Relative Strength

Summary:

Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.